Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 46,220 - -
Change - -13.23% 22.11% 11.34% 17.28% -5.97% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 54,393 53,630 53,066
Change - -11.06% 16.93% 5.53% 14% -5.55% -1.4% -1.05%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 19x 17.6x 16.5x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.56x 2.42x 2.29x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 2.23x 2.43x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.65x 1.57x 1.52x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.94x 1.83x 1.74x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.9x 10.2x 9.57x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 14.2x 13.1x 12.3x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.1x 19.2x 17.8x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.97% 5.2% 5.62%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.334 2.503 2.675
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.23% 3.47% 3.71%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.793 4.093 4.371
Distribution rate 66% 135% 162% 68.7% 79.8% 61.5% 61.1% 61.2%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,094 29,355 30,459
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,980 5,268 5,543
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,830 4,096 4,331
Net income 1 1,924 959 881 2,021 1,825 2,370 2,567 2,752
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,172 7,410 6,846
Reference price 2 54.59 49.23 58.68 65.12 76.78 72.20 72.20 72.20
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 640,173 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.09x1.94x10.95x3.22% 53B
20.63x2.97x14.58x3.78% 265B
20.55x2.4x14.18x3.53% 75.52B
17.91x0.54x10.3x2.56% 38.75B
21.72x3.22x13.1x3.33% 35.23B
40.49x3.39x20.08x0.88% 33.87B
11.92x1.92x9.44x6.46% 29.47B
71.13x10.62x45.09x1.07% 29.45B
13.14x0.39x9.06x2.54% 22.18B
Average 26.29x 3.04x 16.31x 3.04% 64.73B
Weighted average by Cap. 23.34x 2.91x 15.22x 3.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield